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Wells Fargo Ranked #4 in InformationWeek 500

"This honor is a testament to the talent and dedication of our many team members and the partnership between the business and technology teams," said Avid Modjtabai, head of Technology and Operations. "Also, it is significant because it demonstrates our commitment to develop innovative technologies to benefit our customers and help them succeed financially."

One example noted by Information Week includes the company's wide-scale rollout of its next-generation Envelope-Free^sm ATM platform. By using Envelope-Free ATMs, customers don't need to write on an envelope or key-in a deposit amount. Once customers insert money into the ATM slot (up to 50 bills in different denominations), the machine sorts and counts the bills and verifies the amount. Customers can also deposit stacks of up to 30 checks into the machine at one time, and the Envelope-Free ATM automatically reads the amounts and adds up the deposit. The ATM converts the paper checks into digital images, which appear on the ATM screen and on the receipt. Additionally, customers can get immediate credit for cash deposits, and checks deposited on business days before 8 p.m. are considered received on the same day.

By using Envelope-Free ATMs to make deposits, customers have helped saved more than six thousand trees so far, according to estimates from the Environmental Defense Paper Calculator.

"Wells Fargo's ATMs are an important part of our strategy to deliver excellent service to our customers when, where, and how they want," said Jonathan Velline, head of ATM Banking and Store Strategy. "With this in mind, we're committed to offering customers a convenient, personalized, interactive experience through a network that is completely integrated with our other customer channels - Wells Fargo stores, wellsfargo.com and Wells Fargo Phone Bank^SM."

The InformationWeek 500 annual award spotlights the power of innovation in information technology among the top 500 companies in the United States. InformationWeek identifies and honors the nation's most innovative users of information technology and tracks the strategies, investments and administrative practices of America's best-known companies.

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Wells Fargo & Company
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Bridget Braxton, 415-222-4019